Business Finance Solutions: Accessible Loans And Funding For SMEs.
Financial forecasting and planning are crucial to the success and survival of any business. At Reduce My Costs, we have built the relationships to support your SME with our business finance solutions.
SMEs are the backbone of our economy, contributing significantly to innovation, job creation, and overall economic growth. Despite their vital role, SMEs often face challenges when seeking financial support due to the higher levels of uncertainty and risk involved. Whether you’re a start-up or an established business looking to expand, our comprehensive business finance solutions are tailored to address the specific needs of SMEs.
Reduce My Costs works closely with numerous partners who all want to help your business grow! Our free, no obligation consultation helps our team establish your business needs so we can source and secure the funding you want.
Our Quick and Easy Process
Step 1
Contact our finance team over the phone or by booking in a consultation.
Step 2
We will discuss your business needs and create an understanding of the most beneficial outcome for you.
Step 3
Your Account Manager will present you with a range of suitable options catered to your needs, and help you choose the best one.
Step 4
Once you’ve chosen which route to go down, your Account Manager will help you through the process.
Start-Up Business Loan
A viable business idea but no access to finance? A start-up business loan could work best for you!
Many start-ups require funding to cover initial expenses such as equipment purchases, inventory, office space rental, and hiring staff. A business loan can provide the necessary capital to get the business off the ground.
A start-up business loan is a government backed, unsecured personal loan. This means your application does not need the usual support of assets or guarantors.
All owners or partners in a business can individually apply for up to £25,000 each, with a maximum of £100,000 available per business.
Asset-Based Finance
If your business is asset rich but cash poor, one of these finance options could be suitable for you!
Our asset-based finance solutions not only facilitate the swift acquisition of equipment but also play a pivotal role in freeing up your working capital and releasing the pressure on bank loan facilities, allowing you to allocate resources strategically for various business needs.
Choose from a variety of lease contract lengths, providing the flexibility to tailor agreements according to your operational requirements. Additionally, the option of sale and leaseback empowers you to unlock capital from assets you already own, maintaining your asset usage while injecting valuable liquidity into your business. We can help you with:
- Asset Finance
- Leasing
- Contract Hire
- Sale and Leaseback
Merchant Cash Advance
Designed to help businesses like you get the cash you need.
The merchant cash advance allows businesses with limited assets but a high volume of daily card transactions to access unsecured lending by leveraging their card payment terminals. With repayment structured as a percentage of daily card revenue, there’s no need to manage monthly cash flow, making it an attractive option for SMEs. Businesses can pay back more during periods of growth and less during slower times, providing a balanced solution that adapts to their cash flow needs.
This financing option is often more accessible than traditional funding methods and serves as a viable alternative for businesses with minimal assets or limited credit history. Even businesses previously denied other funding options may still qualify for a merchant cash advance.
Business Cash Flow Loans
Helping you with cash flow, when you need it the most.
In the fast-paced world of commerce, maintaining a healthy cash flow is paramount, and unforeseen challenges or growth opportunities can strain financial resources. Our business cash flow loans offer a tailored financial solution, addressing the unique needs of your business.
A business cash flow loan can provide you with a short-term injection of cash to help you better manage business cash flow and budget. Whether you’re a small business looking to grow your customer base, or a seasonal enterprise who experiences peaks and troughs, a business cash flow loan could be the solution.
Reduce My Costs have a dedicated team who are passionate about going the extra mile to find you the most flexible finance loans, tailored to suit the needs of you and your business.
Research & Development Tax Credits Loan
Developing new products, processes or services? Let us tell you about R&D tax credit loans...
Does your business spend money to innovate or conduct research? If so, you could be eligible for a research and development tax credit loan. A research and development tax credit loan is newer type of loan that uses your future tax credit payments as security. This means that you can access funds quickly when you need to.
Research and development projects encompass science or technology fields like IT, data, and cloud computing. Businesses across different sectors are increasingly eligible for research and development tax credits as they innovate to meet market demands. If you’re a start-up or improving products to align with market needs, you’re likely eligible. Claims can include activities up to two years prior, providing time to prepare. Our specialists streamline the process, maximising your claim by identifying innovative activities.
Get in touch today with Reduce My Costs and get help sourcing finance for your business.
We can help reduce your business costs
...and did we mention that our service is free?
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